New York’s Nonprofit Revitalization Act of 2013, signed by the Governor on December 18, 2013, has been called the most extensive revision to New York’s Not-for-Profit laws in over forty years - many bar and professional groups had long advocated for this meaningful reform.

Proponents claim that the Act will: 1) eliminate redundancies and improve state regulatory practices, 2) lower operating cost for charities and reduce incentives for them to incorporate in other states, and 3) help nonprofits thrive in New York by reducing government “red tape.” Critics worry the changes may create new burdens in non-profit operations.

This replay of a March 2014 webcast reviews the major changes wrought by the Act of which practitioners should be aware, including:

· The streamlined statutory types of non-profit corporations, replacing four types with two categories: charitable and non-charitable;

· The simplified agency consents;

· The revised conflict of interest provisions and new whistleblower provisions;

· Simpler approval process for corporate transactions;

· New board meeting and committee provisions;

· Changes in Charities Bureau reporting

· New audit requirements

· Possible additional changes still to come.

The program panelists have extensive backgrounds in representing nonprofit organizations and for many years have been at the forefront in the New York State Bar Association’s efforts to modernize the laws and practices governing nonprofits. This program will be valuable for any business counselor whose practice may encompass not-for-profit organizations, as well as lawyers who advise or serve on nonprofit boards.